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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities    
Consolidated net income $ 407,770 $ 305,156
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 35,028 19,349
Stock-based compensation expense 13,940 13,476
Provision for doubtful accounts receivable 73 (67)
(Income) loss from unconsolidated affiliates (2,439) 9,102
Dividends from unconsolidated affiliates 2,812 3,541
Insurance proceeds - noncapital related 12,345 15,000
Gain on disposals of properties (14,802) (1,286)
Unrealized gains on short-term investments (8,202) 0
Gain on sales of securities 0 (365)
Gain on insurance proceeds 36,278 0
Deferred income tax expense (benefit) 4,420 (1,509)
Changes in assets and liabilities, net of effects of businesses acquired:    
Receivables (134,535) (132,012)
Inventories (41,190) 6,706
Other assets (4,371) 8,511
Current liabilities 72,259 30,276
Other liabilities (2,420) (2,375)
Other, net (249) 872
Net cash provided by operating activities 304,161 274,375
Cash flows from investing activities    
Capital expenditures (30,691) (25,603)
Acquisition of businesses, net of cash acquired 0 (566,577)
Investments in unconsolidated affiliates 0 (8,700)
Insurance proceeds - capital related 2,655 0
Purchase of short-term investments (26,633) 0
Purchase of long-term investments (552) (7,976)
Proceeds from the sale of securities 0 96,465
Issuance of notes receivable with unconsolidated affiliates 0 (3,800)
Proceeds from sales of assets 21,135 3,976
Investment received from noncontrolling interests 600 0
Net cash used in investing activities (33,486) (512,215)
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (54,398) (44,488)
Dividends paid to noncontrolling interests (12,240) 0
Repurchase of common stock (243,615) (42,994)
Repayments of debt (111) (111)
Issuance of debt by consolidated joint ventures, net 0 11
Net cash used to settle stock-based awards (4,189) (2,002)
Net cash used in financing activities (314,553) (89,584)
Effect of exchange rate changes on cash 11,718 (4,784)
Decrease in cash, cash equivalents, and restricted cash (32,160) (332,208)
Cash, cash equivalents, and restricted cash at the beginning of the period 1,038,895 1,174,223
Cash, cash equivalents, and restricted cash at the end of the period $ 1,006,735 $ 842,015

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